MANAGEMENT ACCOUNTING

                               Coursework Assignment Brief

 

Module Title: Management Accounting
Format: Report
Presentation: No
Any special requirements: All work should be submitted on the Student Portal along with an acceptable Turnitin Report. The assignment should be submitted in groups of two, the leader of the group must make full submission (THE ENTIRE REPORT) with the other member’s ID on the cover sheet. The other member must only submit the cover sheet with his or her ID first, AFTER the group leader has submitted the report.
Word Limit: 2,000 words (with 10% plus or minus leeway)
Deadline date for submission: Friday 1 April 2016
Learning outcomes to be examined in this assessment: The ability to:

Indicate the main purposes of management accounting and its relevance to the management of organisations.

 

Evaluate the main cost structures of organisations and methods of their calculation.

 

Determine appropriate methods of calculating break-even, profitability and capital input costs.

 

Percentage of marks awarded for module: This assignment is worth 50% of the total marks for the module

 

Assessment criteria: Explanatory comments on the assessment criteria   Maximum marks for each section
Content, style, relevance, originality: Clear demonstration of rigorous research from recognised authoritative sources. Audience focus. 10%
Format, referencing, bibliography: Harvard 10%
Constructive critical analysis, introduction, conclusion: Demonstration of a clear understanding of the issues. Use of academic models. 80%

 

 

Candidates must clearly label their ID Number on additional separate reference, formula or answer sheets.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assignment Task:

You are appointed as the assistant management accountant of a company of your own choice, operating either in the service or manufacturing industry. The main aim of the company is to improve operating efficiency by controlling cost and improving profitability.

Your task is to write a report to the Board of Directors that will be discussed in the next board meeting.

You are required to:

  1. Discuss the importance of management accounting for your selected organisation and differentiate between management accounting and financial accounting.                                                                                         (300 words)
  2. Evaluate different classifications of costs (types, behaviour, function and relevance) with examples.                                                           (650 words)
  3. Explain the meaning of variance analysis and discuss the most commonly derived variances, outlining the problems and limitations.                                                                                                                                                                  (550 words)
  4. Identify different operational budgets and explain the advantages of preparing different operational budgets.                                                               (500 words)

Total marks for assignment: 100

 

 

 

 

 

Marking Scheme:

What is expected within students’ answers

Ability to introduce the report, by including assignment objective.

Outline the importance of management accounting and the differences between management accounting and financial accounting.

Evaluate the need for classification of costs on the basis of types, functions, behaviour and relevance.

Discuss variance analysis with its common types and problems and state the advantages of preparing operational budgets with examples.

Demonstrate the ability to relate theory to the real world.

Arguments should be clearly summed up to reach a conclusion and recommendation.

Clear, professional evidence of wide research should be provided.
Marks awarded

Introduction                                                                                                               5

Importance of management accounts                                                                       5

Differences between management accounts and financial accounts                       10

Four classification of the costs, graphs/charts                                                         20

Meaning of variance analysis, types of variance analysis and problems of using variance analysis                                                                                                     15

Discussion on different of operational budgets                                                         8

Evaluate the importance of operational budgets                                                       7

Conclusion and Recommendation                                                                            10

Content, style, relevance, originality                                                                         10

Format, referencing, bibliography                                                                              10

Total marks                                                                                                            100

Standard marking system for use when marking coursework assignments for all programmes at GSM.

Indicative Grade UK% marks Characteristics.
Distinction 70%+ Very high standard of critical analysis using appropriate conceptual frameworks.

Excellent understanding and exposition of relevant issues.

Clearly structured and logically developed arguments.

Good awareness of nuances and complexities.

Substantial evidence of well-executed independent research.

Excellent evaluation and synthesis of source material.

Relevant data and examples, all properly referenced.

Merit 60-69% High standard of critical analysis using appropriate conceptual frameworks.

Clear awareness and exposition of relevant issues.

Clearly structured and logically developed argument.

Awareness of nuances and complexities.

Evidence of independent research.

Good evaluation and synthesis of source material.

Relevant data and examples, all properly referenced.

Pass 50-59% Uses appropriate conceptual frameworks.

Attempts analysis but includes some errors and /or omissions.

Shows awareness of issues but no more than to be expected room attendance at classes.

Arguments reasonably clear but underdeveloped.

Insufficient evidence of independent research.

Insufficient evaluation of source material.

Some good use of relevant data and examples but incompletely referenced.

Pass 40-49% An understanding of appropriate conceptual frameworks.

Answer too descriptive and or any attempt at analysis is superficial containing errors and omission.

Shows limited awareness of issues but also some confusion.

Arguments not particularly clear.

Limited evidence of independent research and reliance on a superficial repeat of class notes.

Relatively superficial use of relevant data sources and examples and poorly referenced.

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